This week bitcoin produces the highest volume in 2 years... The biggest green/bull volume bar since January 2021.
Let's say you buy 1 bitcoin at $20,000 and the price goes up to $30,000.
Congratulations, your bitcoin appreciated by 50% and now you have a $10,000 profit on your bitcoin value.
You still have 1 bitcoin though.
$20,000 or $30,000, still 1 bitcoin.
That would be Tether (USDT).
The RSI has gone above 50.
Why Bitcoin (BTC)?
Let's say you buy 1 bitcoin at $20,000 and the price goes up to $30,000... With BTC you think long-term, the value is in your BTC and not the fiat value.
You use your bitcoin and buy altcoins.
The altcoins, so many at the bottom now, bottom prices only happen once every 2-4 years, have huge growth potential.
You buy 1 bitcoin worth of altcoins and the altcoins grows by 50%, now you have 1.5 bitcoin worth of altcoins.
Congratulations, if you sell your altcoins now you have 1.5 bitcoin at $30,000 = $45,000.
That would be Bitcoin (BTC).
This week closed above EMA10 and EMA21. The next target is now set at EMA50 based on this signal which right now sits around $24,990, this is the minimum.
That's why we prefer Bitcoin (BTC) to Tether (USDT).
When you decide to go into altcoins, you put your bitcoins to work.
When you decide to go into bitcoin, you put your fiat to work.
Going from bitcoin to altcoins is like getting paid twice for the same one job.